10 Low Interest Rate Credit Cards India

Best Low Interest Rate Credit Cards in India for 2024

Here is a list of some of the top 10 low interest rate credit cards in India 2024.

Now, let’s check out the features and benefits of these low-interest credit cards in detail.

1. SimplySAVE Advantage SBI Card

• Earn rewards points: You can earn 10x reward points on dining, movies, departmental stores and grocery spends and 1 reward point on all other spends.
• Save on fuel: Get a 1% fuel surcharge waiver at any petrol pump on transactions between Rs. 500 to Rs. 3,000.
• No annual fee after the first year: If you spend Rs. 1 lakh or more in the previous year, the annual fee will be reversed from the second year onwards.
• Worldwide acceptance: Use your card at over 24 million outlets around the world.
• Contactless payments: Make safe and easy contactless payments.
• Additional benefits: Enjoy features like ATM cash withdrawal, add-on cards, utility bill payments, and balance transfers on EMI and Flexipay.

2. HDFC Regalia Credit Card

• Travel: Get complimentary access to airport lounges in India (12 times a year) and abroad (6 times a year with Priority Pass).
• Rewards: Earn 4 points on every Rs. 150 spent and bonus points for reaching spending milestones (10,000 points at Rs. 5 lakh and an additional 5,000 points at Rs. 8 lakh in a year). Redeem points for flights, hotels, vouchers, and cashback.
• Dining: Enjoy discounts and benefits with the complimentary Dineout Passport membership (valid until Dec 31, 2021).
• Fuel savings: Get a 1% waiver on fuel surcharge at all fuel stations in India.
• Convenience: Enjoy features like contactless payments, zero lost card liability, 24/7 concierge service, and convert big purchases into EMIs.
• Insurance: Get complimentary accidental death cover, emergency overseas hospitalisation cover, and lost card liability cover.
• No annual fee after the first year: If you spend more than Rs. 3 lakh in the previous year, the annual fee will be waived.

3. SBI Prime Advantage Credit Card

Rewards: Earn reward points for your spending:

• 20 points per Rs. 100 on utility bill payments (capped at 3,000 points monthly)
• 10 points per Rs. 100 on restaurants, departmental stores, movies, and grocery shopping.
• Get bonus points for reaching spending milestones (e-vouchers and fee waivers).

Travel: Enjoy complimentary lounge access (domestic and international) and get complimentary memberships with travel partners (Trident Privilege and Club Vistara).

Birthday benefit: Earn extra reward points on your birthday.

Welcome gift: Get a gift voucher worth Rs. 3,000 upon card approval.

Other benefits:

• Contactless payments for swift and safe transactions.
• Global acceptance.
• Insurance coverage (accidental death and credit card fraud).
• Emergency card replacement worldwide.
• Add-on cards for your family members.
• Utility bill payments.
• Convert purchases into EMI (Flexipay)
• Transfer outstanding balances from other cards at a lower interest rate (Balance Transfer on EMI).
• Additional benefits from Mastercard, Visa, and American Express programs (discounts, privileges).

4. HSBC Cashback Credit Card

• Earn cashback on all your purchases:
• 0% cashback on dining, food delivery, and groceries, with a maximum limit of Rs. 1,000 per month.
• 1.5% unlimited cashback on all other spending (some exclusions apply).
• Get 4 complimentary domestic airport lounge access in one year.
• No annual fee if you spend more than Rs. 200,000 per year.
• Other benefits:
• Zero lost card liability (insurance coverage for misuse).
• Emergency card replacement worldwide.
• Balance transfer option at a lower interest rate.
• Offers and discounts with partner merchants.
• Convenient EMI (Equated Monthly Instalment) options for repayments.
• Google Pay offers convenient and secure contactless payments..
• Other regular credit card benefits like cash advances, additional cards, global acceptance, and more.

5. IDFC FIRST Wealth Credit Card

• No annual fee for life.
• Welcome benefits:
• Get Rs. 500 gift vouchers for spending Rs. 15,000 in the first 3 months.
• Get 5% cashback (up to Rs. 1,000) on your first EMI transaction within 3 months of getting the card.
• Rewards program:
• Earn 3x rewards on most spending up to Rs. 20,000 per month.
• Earn 10x rewards on spending above Rs. 20,000 per month.
• Earn rewards on rent, insurance, education, and government payments (though these don't count towards the 10x bonus).
• Rewards never expire.
• Travel benefits:
• Low 1.5% foreign transaction fee.
• Get complimentary access to airport lounges (domestic and international) if you spend Rs. 20,000 in the previous month.
• Travel insurance coverage (accidental death, lost card, trip cancellation).
• Interest-free cash withdrawals worldwide.

6. Axis Bank Burgundy Private Credit Card

• No fees:
• No cash withdrawal charges or interest until the payment due date.
• No foreign transaction fees.
• No annual fee

• Rewards: Earn 15 Edge Reward points for every Rs. 200 spent.
• Travel benefits:
• Unlimited access to airport lounges (domestic and international) with Priority Pass.
• Complimentary concierge service for booking flights and airport visits.
• Travel insurance coverage.
• Discounts on hotels and airport transfers.
• Health and wellness benefits:
• Discounts on health and wellness coaching.
• Access to consultations with medical specialists and diagnoses at top institutions.
• Global medical assistance while travelling internationally.

7. HDFC Infinia Credit Card Metal Edition

Here are the major benefits of the HDFC Infinia Credit Card Metal Edition:

• Travel:
• Unlimited access to airport lounges worldwide (including Priority Pass).
• Complimentary Club Marriott membership for the first year (discounts on dining and stays in Asia-Pacific).
• complimentary nights and buffets at select ITC hotels.
• Global 24/7 concierge service for travel arrangements (booking flights, reservations, etc.).
• Lowest foreign transaction fee (2% markup).
• Rewards: Earn 5 reward points for every Rs. 150 spent.
• Lifestyle:
• unlimited complimentary golf games and coaching at select courses in India and around the world.
• 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 100,000 (no reward points on fuel transactions).
• Flat 15% extra discount on dining bills at over 35,000 restaurants with HDFC Bank x Swiggy Dineout program.
• Other benefits:
• Zero lost card liability.
• Up to 50 days free of interest credit period.
• Revolving credit at a nominal interest rate.

8. HDFC Diners Club Black Credit Card

• Earn reward points for most spending (except fuel, easy EMI, e-wallet loading, insurance exceeding Rs. 5000 daily, and rent exceeding Rs. 2000 monthly).
• Redeem reward points in 3 ways:
• Get travel value (flights/hotels) at Rs. 1 per point.
• Points can be converted to airline miles at a 1:1 ratio with certain partners.
• Redeem points for items in a rewards catalogue (up to Rs. 0.50 per point value).
• Reward points expire after 3 years.

9. Kotak Privy League Signature Credit Card

• Rewards program:

Earn reward points on your spending.

• Earn 5 points per Rs. 100 spent on special categories (varies depending on your chosen plan - shopper or traveller) and 2 points on other spending.
• Each reward point is worth 25 paise.

Redeem points for various options including:

• Flights and merchandise.
• Mobile recharge.
• Automatic credit to your account (Rs. 100 for every 400 points accumulated every 3 months).

• Airport lounge access:
• Free Priority Pass membership for the first year (both paid and free cards).
• Paid card gets 4 additional complimentary Priority Pass visits per year.
• This benefit grants access to over 1300 airport lounges worldwide.

10. YES Bank Reserv Credit Card

• Rewards:

Earn reward points on your spending:

• 24 points per Rs. 200 spent on online shopping (except for some categories).
• 12 points per Rs. 200 spent on offline shopping (except for some categories).
• 6 points per Rs. 200 spent on certain categories.
• Earn bonus points if you renew your card (after the first year).

Redeem points for travel miles or other rewards.

• Travel:
• Get complimentary access to international and domestic airport lounges.
• Enjoy preferential foreign currency exchange rates (1.75% markup).
• 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5000.
• Lifestyle:
• Complimentary golf program with benefits like green fee waivers and golf lessons.
• Get discounts at select restaurants.
• Insurance:
• Purchase protection insurance for mobile and electronic devices.
• Lost card liability insurance.
• Optional credit shield insurance.

FAQs on Lowest Interest Rate Credit Cards: